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The Arthur M. Blank Family Foundation pledged $50 million to four Atlanta HBCUs to fund gap scholarships and boost graduation rates.
The Arthur M. Blank Family Foundation has pledged $50 million over 10 years to four Atlanta HBCUs—Clark Atlanta University, Morehouse College, Morris Brown College, and Spelman College—to provide gap scholarships for students nearing graduation who have exhausted other aid.
The goal is to boost graduation rates by removing financial barriers.
The donation, the foundation’s largest to Georgia’s HBCUs, comes amid federal funding shifts that redirect support to HBCUs and tribal colleges.
Arthur Blank, whose net worth exceeds $11 billion, has committed to giving away at least half his wealth.
The schools, which generate $1 billion annually in economic impact, serve predominantly low-income students and leaders called the gift transformative.
La Fundación de la Familia Arthur M. Blank prometió $ 50 millones a cuatro HBCU de Atlanta para financiar becas de brecha e impulsar las tasas de graduación.